JPMorgan stock up 48% YTD, outperformed S&P500, but net income fell; potential benefit from Fed cuts

From Nasdaq: 2024-12-09 22:40:18

JPMorgan stock (NYSE: JPM) has outperformed the S&P500 with a 48% year-to-date gain, while Wells Fargo (NYSE: WFC) saw a 50% increase. JPM reported Q3 revenues of $42.7 billion, a 7% rise, but net income fell 2% due to higher credit loss provisions.

Despite market volatility, JPM stock has provided strong returns in recent years. The Trefis High Quality Portfolio, with 30 stocks, has consistently outperformed the S&P 500. Looking ahead, JPM’s net interest income could benefit from Federal Reserve rate cuts and potential policy changes under a second term of the Trump administration.

In December 2024, JPM had a -2% return for the month, a 48% return year-to-date, and a total return of 255% from 2017-2024. Comparatively, the S&P 500 had a 1% return in December, 28% YTD, and a total return of 172% from 2017-2024. Trefis Reinforced Value Portfolio had a 1% return in December, 26% YTD, and a total return of 837% from 2017-2024.



Read more at Nasdaq: JPMorgan Stock Is Up 48% YTD, Where Is It Headed?